Deflation

TOKYO - Japan's government highlighted the danger of deflation for the first time in three years Friday, warning that falling prices and a further worsening of the labor market could drag on the weak recovery.

TOKYO - Japan's central bank kept its key interest rate unchanged at 0.1 percent Friday and upgraded its assessment of the world's second largest economy because of an improvement in exports.

A look at economic developments and activity in major stock markets around the world Monday: BRUSSELS - The surging economies of the East should be granted more power in the traditionally Western-dominated global financial institutions, Chinese Premier Wen Jiabao said at the opening of the Euro-Asian summit.